Google’s approach to application distribution hasn’t been as successful as Apple’s approach thus far, but it had to start somewhere. Many curious Android users are probably wondering just how well the Android Market is preforming as well as growth and download statistics, well wonder no more, AndroLib has just published their latest data which includes some detailed information on the Marketplace.

You can check out the gallery below for their findings. From them, we learn just how fast the Android Market is expanding, in just over a year we have seen exponential growth in applications available in the market. You can also check out the distribution of Free vs. Paid applications in the market which seem to math up perfectly to what Angry Birds creator, Peter Vesterbacka stated about paid applications not being a viable option for Android at this time.